Dataline teams up with Fundtech for e-invoicing
Australia’s Dataline is teaming up with NASDEQ-listed multinational Fundtech to offer electronic invoice presentment and payment (EIPP) and related financial supply chain services to corporate customers in Asia Pacific.
Established in 1987, Dataline has developed its accounts payable automation solution in addition to a range of payment processing services it provides major corporations and financial institutions in the region.
Dataline employs the EMC Captiva InputAccel product to process scanned invoices received over email, fax or post, and has developed its own Web portal to provide customer access to Invoice work flow.
Dataline says its products complement Israeli-based Fundtech’s compliant ‘Accountis EIPP’ service as they both enable corporates to automate complex financial processes, increase transaction visibility, reduce costs and eliminate paper.
Dataline and Fundtech will offer a complete range of financial supply chain solutions, including outbound (AR) and inbound (AP) e-invoicing, AP workflow automation, data scanning, e-payments support and online expenses management.
As well as providing a solution to automate paper-based workflows for invoice processing, the two companies will offer a full e-commerce platform.
“Both companies want to take the pain out of finance and reducing unnecessary manual work by taking AR and AP processes online. Together, our services provide busy finance staff with the ability to view, manage and process all their finance documents in one secure location. This realtime access to data gives them greater visibility of the financial supply chain so that they can better optimize their working capital,” said Ken Swanson, Managing Director of Dataline.
“Dataline provide a paper to data solution and also being a SaaS provider we want to help organisations move to a true ecommerce platform, such as the electronic invoice presentment and payment (EIPP) that Fundtech offers.
“Paper is still very prevalent so we are offering a cost-effective migration path towards the full e-commerce platform.”
“Whether a company processes invoices by mail, fax, email, EDI or other electronic channel, the data is captured, validated to agreed business rules and finally uploaded to an ERP or accounting system,” said Swanson.
“Fundtech and Dataline already have many customers in common and look forward to growing our joint customer base further. We share the same vision and values.”
Gil Gadot, Managing Director of Fundtech’s Financial Supply Chain Services strategic business unit, said: “Dataline is an established software company with whom we share a passion for providing innovative and cost-saving financial services that eliminate paper from the process. Fundtech already has a strong presence in the Asia Pacific region and our partnership with Dataline will help us to further expand our e-invoicing network, which already has around 200,000 corporate connections worldwide.”